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Earn up to $5001 when you refer friends and family to Flagstar. Learn more

FLAGSTAR PERFORMANCE SAVINGS

 

Earn 4.00% APY2 with a high interest savings account

Key features that make this account right for you

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High interest savings

Earn 4.00% APY2 with balances of $25,000 or more.

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Avoid the monthly fee

Avoid the $15 monthly service charge when you have a Flagstar personal checking relationship.

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Access to your money

The funds in your account will remain liquid and accessible, while still earning a great rate.

Open a high interest savings account and grow your savings fast

Account features

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4.00% APY2 with balances of $25,000 or more

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Bank on the go with Mobile Check Deposit

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Stay protected with  Account Alerts

Details & ways to waive fees

  • Only $1 to open
  • $15 monthly service charge, waived with $10,000 average daily balance OR with a Flagstar personal checking account
  • The interest will be compounded and credited into account monthly
  • FDIC-insured up to at least $250,000 per depositor5

High-interest savings FAQs

Funds in the Flagstar Performance Savings account are FDIC insured in accordance with account ownership limits.5

You may add beneficiaries to the Flagstar Performance Savings account.

You are allowed 20 transactions per 24-hour period, and a dollar limit of $1,000 per 24-hour period. Please note that standard fees apply for some transactions, such as withdrawals and balance inquiries from non-Flagstar ATMs.

If your account is closed within six months of opening, you are subject to a $30 early closing fee and possible forfeiture of any interest you’ve earned on the account.

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Round Up with Flagstar®

This debit card feature will round up transactions to the nearest dollar and deposit the spare change into your savings account. It's zero-effort savings.

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

Flagstar Performance Savings

2Annual Percentage Yield (APY) is accurate as of 9/23/2025. Tier 1 $0 – $9,999.99 features an annual percentage yield of 0.10%. Tier 2 $10,000.00 – $24,999.99 features an annual percentage yield of 0.10%. Tier 3 $25,000.00 – $49,999.99 features an annual percentage yield of 4.00%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 4.00%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 4.00%. Tier 6 $500,000.00+ features an annual percentage yield of 4.00%. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. Initial minimum opening deposit to earn the higher interest rate on the Flagstar Performance Savings account is $25,000 and must be “new money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Additionally, (i) account must be funded within 90 days of the approval date, and (ii) early account closure fee may be imposed for accounts closed within 180 days. A maintenance service charge of $15 will be imposed every statement cycle if the average daily collected balance in the account is less than $10,000. The maintenance service charge will be waived if you are the tax reported owner on this account and you are an owner on a Flagstar personal checking account. Fees may reduce earnings. Personal accounts only. Limited time offer. Area restrictions may apply. If you are a Private Bank client, please contact your Private Client Group to enroll.

3Not all devices supported. Available for eligible personal and business deposit account customers only.

4Currency conversion fee may apply to transactions outside the U.S.

5Visit fdic.gov for more information about FDIC insurance coverage.